2018-02-05T09:46:18-06:00 2017-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2016-07-01 980477422 THE CHINESE UNIVERSITY OF HONG KONG FOUNDATION INC C/O GMA FOUNDATIONS CHIN 6174267080 2 LIBERTY SQUARE NO 500 BOSTON MA 02109 SALOME YP LAM CLERK 6174267080 2018-02-05 1 ALFONSO PERILLO P00950491 6172276161 2018-02-05 38.111.9.114 2018-02-05 09:26:02 ES P 513FF3B74CF9F8CEB6C8240C0B0261AA2E7AA213 0D76887A21FF303987ADF0E4D0B068FF6EB2BB99 2016 2021-01-29 14:40:06Z X CHIEN LEE 2 LIBERTY SQUARE NO 500 BOSTON MA 02109 364472 0 X N/A X 2005 MA TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 4 4 0 5 0 0 1183366 363773 0 0 40 699 0 0 1183406 364472 1399400 639703 0 0 0 0 0 0 0 34646 30526 1434046 670229 -250640 -305757 674530 366242 19142 16611 655388 349631 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 0 0 639703 639703 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 639703 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA CA NJ IL X GMA FOUNDATIONS 6174267080 2 LIBERTY SQUARE SUITE 500 BOSTON MA 02109 X SHING-TUNG YAU DIRECTOR 0.10 X 0 0 0 CHIEN LEE PRESIDENT/DIRECTOR 0.10 X X 0 0 0 BENJAMIN W WAH TREASURER/DIRECTOR 0.50 X X 0 0 0 JOSEPH JY SUNG DIRECTOR 0.10 X 0 0 0 SALOME YP LAM CLERK 1.00 X 0 0 0 0 0 0 0 0 0 0 0 363773 128900 363773 699 699 364472 0 0 699 639703 639703 22448 22448 1051 1051 5171 5171 FILING FEES 1856 1856 670229 639703 30526 0 452530 106866 2722 2728 3232 3232 216046 253416 674530 366242 19142 16611 19142 16611 X 244088 289631 411300 60000 655388 349631 674530 366242 -305757 0 X 0 1 X 0 0 X 1357860 845630 644764 1183366 363773 4395393 1357860 845630 644764 1183366 363773 4395393 2506466 1888927 3531 104 13 40 699 4387 4399780 0.42930 0.40140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128900 253416 X 0 411300 196873 548173 60000 100 1080600 669400 411300 95 507786 507781 100 9680 721098 4044 734727 95 5000855 1357760 2249 1807227 4543957 9680 1.00000 0 0 0 WORKS OF ART 188900 HISTORICAL TREASURE 64516 253416 393235 28763 28763 364472 0 364472 698992 28763 28763 670229 0 670229 PART III, LINE 4: WORKS OF ART ARE COMPRISED OF A PAINTING THAT WAS DONATED IN DECEMBER 2014, THREE ANCIENT CHINESE RUBBINGS DONATED TO THE ORGANIZATION IN DECEMBER 2015 AND A SET OF CALIGRAPHY COUPLET DONATED TO THE ORGANIZATION IN DECEMBER 2016. THE FAIR VALUES OF THE PAINTING ($60,000), THE FAIR VALUE OF THE THREE RUBBINGS ($64,516) AND THE FAIR VALUE OF THE CALIGRAPHY COUPLET ($128,900) WERE DERIVED FROM APPRAISALS CONDUCTED AT THE TIME OF THE DONATIONS OR SALES RECEIPTS FOR WORKS OF ART PURCHASED JUST PRIOR TO DONATION. THE PAINTING ACQUIRED IN 2015 IS ON LOAN TO THE UNIVERSITY AND ARE TEMPORARILY BEING STORED AT THE UNIVERSITY'S ART MUSEUM FOR RESEARCH PURPOSES, PURSUANT TO A LOAN AGREEMENT, WHOSE TERM EXPIRES IN JANUARY 2018. THE THREE ANCIENT RUBBINGS ACQUIRED IN DECEMBER 2015 ARE ALSO ON LOAN TO THE UNIVERSITY AND ARE TEMPORARILY BEING STORED AT THE UNIVERSITY'S ART MUSEUM FOR RESEARCH PURPOSES, PURSUANT TO A LOAN AGREEMENT, WHOSE TERM EXPIRES IN DECEMBER 2018. THE CALIGRAPHY COUPLET ACQUIRED IN DECEMBER 2016 IS ALSO ON LOAN TO THE UNIVERSITY AND ARE TEMPORARILY BEING STORED AT THE UNIVERSITY'S ART MUSEUM FOR RESEARCH PURPOSES, PURSUANT TO A LOAN AGREEMENT, WHOSE TERM EXPIRES IN JANUARY 2020. PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS WERE AVAILABLE TO SUPPORT THE FOLLOWING PROGRAMS AT JUNE 30, 2017: SCHOLARSHIPS $ 10,000 UNITED COLLEGE DEVELOPMENT $ 50,000 TOTAL TEMP. RESTRICTED NET ASSETS $ 60,000 0 EAST ASIA AND THE PACIFIC - 0 0 GRANTMAKING TO THE CHINESE UNIVERSITY OF HONG KONG N/A 639703 0 0 0 0 0 0 639703 0 639703 EAST ASIA AND THE PACIFIC - SUPPORT THE ACTIVITIES OF THE CHINESE UNIVERSITY OF HONG KONG. 548173 CHECK 91530 A PAINTING GIVEN TO THE ORGANIZATION ON APRIL 2014 WITH ITS VALUES DERIVED FROM APPRAISALS CONDUCTED AT THE TIME OF THE DONATIONS OR SALES RECEIPTS FOR WORKS OF ART PURCHASED JUST PRIOR TO ORIGINAL RECEIPTS. THE PAINTING WAS GRANTED BY THE ORGANIZATION TO SUPPORT THE CONTINUED EDUCATIONAL AND RESEARCH PURPOSE AT THE ARTS MUSEUM AT THE CHINESE UNIVERSITY OF HONG KONG IN APRIL 2017. APPRAISAL AT TIME OF DONATION 1 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION ACTS AS A "FRIENDS OF ORGANIZATION THAT SUPPORTS THE CHINESE UNIVERSITY OF HONG KONG, WHICH IS A FOREIGN UNIVERSITY. PART I, LINE 3: THE FOUNDATION USES THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH U.S. GAAP TO ACCOUNT FOR ITS EXPENDITURES. X 1 128900 INDEPENDENT APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS ONLY 4 BOARD MEMBERS THEREFORE THERE ARE NO SUCH COMMITTEES. ALL DECISIONS ARE MADE AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B WHEN EDELSTEIN & COMPANY, THE AUDITOR OF THE FOUNDATION, HAS COMPLETED THE FORM 990, THE COMPLETED FORM WILL BE SENT TO GMA AND THE FOUNDATION'S CLERK TO CHECK THE ACCURACY OF THE FIGURES AND CORRECTNESS OF INFORMATION. THE CLERK WILL THEN DISTRIBUTE THE COMPLETED FORM TO THE CHAIRMAN OF THE BOARD FOR REVIEW AND SIGNATURE ON BEHALF OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED A POLICY ON CONFLICTS OF INTEREST SETTING FORTH STANDARDS OF CONDUCT EXPECTED BY THE DIRECTORS AND OFFICERS OF THE FOUNDATION. THE FOUNDATION ALSO DEFINES THE ACTIVITIES THAT MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST AND REMINDS EACH AND EVERY DIRECTOR AND OFFICER ACCORDINGLY. EACH DIRECTOR OR OFFICER IS REQUESTED TO CONFIRM COMPLIANCE OF THIS POLICY BY SIGNING A STATEMENT ANNUALLY. THE BOARD OF DIRECTORS IS THE GOVERNING BODY TO ASSESS AND DECIDE IF A CONFLICT OF INTEREST EXISTS. SO FAR, THE BOARD HAS NOT DISCOVERED ANY TRANSACTIONS THAT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION.